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Book Production Economics

Download or read book Production Economics written by Svend Rasmussen and published by Springer Science & Business Media. This book was released on 2012-08-04 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.

Book Introduction to Production Economics

Download or read book Introduction to Production Economics written by John Donald Black and published by . This book was released on 1926 with total page 1006 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Production Economics  An Empirical Approach

Download or read book Production Economics An Empirical Approach written by Charles Britt Moss and published by World Scientific. This book was released on 2022-02-25 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production economics is that branch of microeconomics that examines producer decisions. This book focuses on the empirical estimation of these relationships using primal, dual, and differential specifications. The primal specification models production decisions based on the production function — estimation of the input/output relationship and the derivation of optimization behavior from this technical relationship. The dual approach estimates production decisions using economic information such as input and output prices. The textbook then develops the linkages between these relationships. The differential specification is an alternative approach derived from changes in the first-order conditions from cost minimizing behavior. In each case, the theoretical development is followed by different empirical specifications that can be used to estimate the producer's choice.

Book Production Economics  A Dual Approach to Theory and Applications

Download or read book Production Economics A Dual Approach to Theory and Applications written by Melvyn Fuss and published by Elsevier. This book was released on 2014-06-28 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to Economic Analysis: Production Economics: A Dual Approach to Theory and Applications, Volume 2 focuses on the theory of production from the standpoint of the "dual", the relationships between economic observables which are dual to physical technology. The selection first ponders on duality, intermediate inputs and value-added, Hicks' aggregation theorem and the existence of a real value-added function, and homotheticity and real value-added in Canadian manufacturing. Discussions focus on real value-added and the production structure, estimation of the production structure, double deflation and real value-added, measurement of total productivity, and duality between direct and conditional indirect utility functions. The book then examines the estimation techniques for the elasticity of substitution and other production parameters and measurement of the elasticity of factor substitution and bias of technical change. The publication takes a look at the identification of technical change in the electricity generating industry, factor substitution in electricity generation, and the effectiveness of rate-of-return regulation. Topics include statistical tests of regulatory effectiveness, profit function for a regulated firm, tests of the structure of technology, identification problems in the measurement of technical change, and measurement of disembodied technical change. The selection is a valuable source of information for economists and researchers interested in production economics.

Book Readings in Production Economics

Download or read book Readings in Production Economics written by Dale Colyer and published by . This book was released on 1969 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Production Economics

Download or read book Production Economics written by Melvyn A. Fuss and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Readings in Economic Analysis

Download or read book Readings in Economic Analysis written by Richard Vernon Clemence and published by . This book was released on 1950 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Production Economics

Download or read book Production Economics written by Anoop Desai and published by CRC Press. This book was released on 2018-08-06 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves a unique purpose within the world of engineering. It covers the economics of modern manufacturing and focuses on examining the techniques and methods from a cost perspective. It can be used by both students and professionals alike. The book is useful to students in industrial engineering and mechanical engineering programs as a primary textbook for engineering economy, production costing, and related courses. It can also be used by MBA students specializing in production management and finance. Specific topics of coverage include the computation of direct and indirect cost for manufacturing operations, including a variety of overhead operations in such an environment. Costing of manufacturing methods such as casting, forging, turning, milling, and welding is addressed along with inventory analysis. The book also includes fundamental concepts such as cash flow analysis, present and future worth analysis, and rate of return analysis. Related topics such as equipment replacement, comparison of alternatives, depreciation, buy versus make decisions, interest factors, and equivalence are covered in detail as well. Key Features: Addresses the costing of manufacturing operations through a step-by-step problem solving approach. Includes traditional engineering topics such as cash flow analysis, present worth, future worth analysis, replacement analysis, equivalence, and depreciation are addressed in depth as well. Offers a variety of solved examples that can be used to develop a thorough understanding of the underlying concept. Provides a number of practice problems at the end of each chapter. Presents a large number of figures and tables in almost every chapter, to assist in visualizing the concept and apply it successfully. Production Economics: Evaluating Costs of Operations in Manufacturing and Service Industries focuses on rigorous problem solving. Each topic is presented succinctly along with numerous solved examples, along with a large number of end-of-chapter practice problems where applicable.

Book Readings in Economic Analysis

Download or read book Readings in Economic Analysis written by Richard Vernon Clemence and published by . This book was released on 1966 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Economics of Production

Download or read book The Economics of Production written by Bruce R. Beattie and published by . This book was released on 1993-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written as a textbook for courses in production economics theory and the theory of the firm, this book is aimed at students of economics and agricultural economics. Geometry is used extensively, and at the end of each chapter, there is a list of suggested readings.

Book Agricultural Production Economics

Download or read book Agricultural Production Economics written by David L. Debertin and published by . This book was released on 2002 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Theory of Production

Download or read book Theory of Production written by Heinz D. Kurz and published by Cambridge University Press. This book was released on 1997-02-28 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compelling book contains a comprehensive analytical treatment of the theory of production in a long-period framework. Although the authors take a 'Classical' approach to their subject, the scope of investigation and methods employed should interest all economic theorists. Professors Kurz and Salvadori explore economic systems that are characterised by a particular kind of primary input in the production process, such as different kinds of labour and natural resources. These systems and the corresponding prices can be understood to reflect characteristic features of a capitalist market economy in an ideal way: they express the pure logic of the relationship between value and distribution in an economic system. Specific chapters deal with prices and income distribution, economic growth, joint production, fixed capital, scarce natural resources (both renewable and exhaustible), and heterogeneous labour. The historical origins of the concepts used are also discussed in considerable detail.

Book Price Theory

    Book Details:
  • Author : Harry Townsend
  • Publisher :
  • Release : 1980
  • ISBN :
  • Pages : 606 pages

Download or read book Price Theory written by Harry Townsend and published by . This book was released on 1980 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Readings in the Economics of Agriculture

Download or read book Readings in the Economics of Agriculture written by American Economic Association and published by Homewood, Ill. : R. D. Irwin. This book was released on 1969 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Applied Production Analysis

Download or read book Applied Production Analysis written by Robert G. Chambers and published by Cambridge University Press. This book was released on 1988-07-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a modern treatment of production economics from a dual perspective, with special emphasis on recent developments. Results that were scattered throughout professional journals and monographs are now gathered into an integrated approach using a common notation. The book prepares the reader to apply the tools of the dual approach to real world problems and data sets. Particular care has been devoted to choosing topics for discussion that achieve this goal. Throughout the book there are worked examples and exercises, which are geared toward developing the reader's facility in using modern developments in production economics. Separate chapters are devoted to production, cost, and profit functions. Other topics include flexible functional forms, aggregation across inputs and outputs using the theory of separable structures, aggregation over economic optimizing firms, the representation of multioutput technologies, and the analysis and measurement of technical change from both a primal and a dual perspective.

Book Introduction to Production Economics

Download or read book Introduction to Production Economics written by John Donald Black and published by . This book was released on 1924 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: